Jean Pierre, who has been in the credit association since 2004, has a salon business in Kigali which attracts many working-class clients. He employs two people in his salon. He also works in the African Library.
Jean Pierre has requested a loan to buy two helmet hair dryers for his salon, which will be enable him to attract more customers and earn more profit. With this profit, Jean Pierre will be able to build his own house.
About Vision Finance Company s.a – Rwanda (VFC)
Vision Finance Company (VFC) was Kiva's first partner in Rwanda. Established in 1999, VFC is an affiliate of World Vision International. Since its founding, VFC has been committed to alleviating poverty in Rwanda by ensuring that poor people have access to credit to support business initiatives that will improve their life circumstances.
VFC has a broad set of products and services, offering Community Banking services for self-selected groups of 10-30 borrowers, Solidarity Group services for more experienced groups of entrepreneurs, and Individual Loans for customers who already have a small established business. Vision Finance is also among the very few financial institutions targeting farmers and providing agricultural credit options in Rwanda, where access to credit is critical to the success of agricultural enterprises.
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Success!! The loan was 100% repaid